Sweden’s Recession Seen Lasting Longer With Households Pressured
In 2023, calendar-adjusted gross domestic product is likely to shrink by 0.9%, Swedbank AB said in a report published Thursday. While that is a slightly milder contraction than previously seen, the bank now expects a GDP decline of 0.3% in 2024, having previously forecast 0.3% growth.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
- Swedbank forecasts two years of recession for Nordic country
- Inflation and credit costs still cause consumers to pull back
In 2023, calendar-adjusted gross domestic product is likely to shrink by 0.9%, Swedbank AB said in a report published Thursday. While that is a slightly milder contraction than previously seen, the bank now expects a GDP decline of 0.3% in 2024, having previously forecast 0.3% growth.
https://www.bloomberg.com/news/artic...rope#xj4y7vzkg
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